Galaxy Bearings Ltd posts Rs. 1.26 crore net profit in Q1 FY23

GALAXY BEARINGS LTD. has reported Standalone financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 17.8099 crores during the period ended June 30, 2022 as compared to Rs. 35.2435 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 1.2610 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 4.5868 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 3.97 for the period ended June 30, 2022 as compared to Rs. 14.42 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 17.8099 crs	₹35.2435 crs	-49.47%
Net Profit	₹1.2610 crs	₹4.5868 crs	-72.51%
EPS	₹3.97	₹14.42	-72.47%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 17.8099 crores during the period ended June 30, 2022 as compared to Rs.17.4193 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.1.2610 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.2.3790 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.3.97 for the period ended June 30, 2022 as compared to Rs.7.48 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 17.8099 crs	₹17.4193 crs	2.24%
Net Profit	₹1.2610 crs	₹2.3790 crs	-46.99%
EPS	₹3.97	₹7.48	-46.93%

Shares of GALAXY BEARINGS LTD. was last trading in BSE at Rs. 857.20 as compared to the previous close of Rs. 877.70. The total number of shares traded during the day was 2026 in over 129 trades.

The stock hit an intraday high of Rs. 884.00 and intraday low of 836.35. The net turnover during the day was Rs. 1743786.00.

Source : Equity Bulls

Keywords

GalaxyBearings Q1FY23 ResultUpdate